Minnesota Statutes
§ 306.32 — TRUSTEES OF FUND
Minnesota § 306.32
This text of Minnesota § 306.32 (TRUSTEES OF FUND) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Minn. Stat. § 306.32 (2026).
Text
The trustees shall choose by ballot and appoint by deed of the association a board of at least three and not more than five trustees of the fund. They shall be resident landowners of this state during all the time they exercise the powers of the trust. If any of those appointed fails to qualify within 30 days after appointment, the one or more who have qualified shall appoint by deed other persons to be trustees in their places. If any of those appointed fails to qualify within 30 days, another shall be appointed in the same manner. Every appointment to fill a vacancy must be by unanimous vote of those acting. However, instead of appointing a board, the trustees of the association may designate any trust company of the state to act as the trustee during a time determined by the board. All
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Legislative History
(7586)RL s 2951;1988 c 469 art 5 s 1;2004 c 228 art 2 s 8
Nearby Sections
15
§ 306.027
MERGER OF CEMETERIES§ 306.03
ACTUARY; RECORDS; REPORTS§ 306.09
SALE OF LOTS§ 306.10
USE OF FUNDS; GRANTS IN TRUSTCite This Page — Counsel Stack
Bluebook (online)
Minnesota § 306.32, Counsel Stack Legal Research, https://law.counselstack.com/statute/mn/306/306.32.